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Korea Ranks 7th Highest in Corporate Tax Rates Among OECD Nations

Korea Ranks 7th Highest in Corporate Tax Rates Among OECD Nations

SEJONG, Oct. 18 (Korea Bizwire) — South Korea’s corporate tax rates as of this year are the seventh highest among member states of the Organization for Economic Cooperation and Development (OECD), the finance ministry’s data showed Thursday. A report from the ministry provided for a parliamentary audit, released by opposition lawmaker Shim Jae-chul, said South [...]

Seoul Opens Korea’s First Emotional Labor Protection Agency

Seoul Opens Korea’s First Emotional Labor Protection Agency

SEOUL, Oct. 16 (Korea Bizwire) — Seoul plans to open the Center for Protection of Rights of Emotional Workers on October 16 near Anguk station to collect complaints and run therapeutic programs for emotional workers. Emotional labor refers to a type of work that involves engaging with customers without revealing one’s feelings. Call center employees, [...]

Gov’t, Ruling Party Prepare Measures to Curb Preschool Irregularities

Gov’t, Ruling Party Prepare Measures to Curb Preschool Irregularities

SEOUL, Oct. 16 (Korea Bizwire) — The government and the ruling Democratic Party (DP) will come up with measures to tackle widespread irregularities in private kindergartens next week, a party official said Tuesday. They plan to hold a closed-door meeting Sunday amid growing public uproar sparked by revelations of preschool owners’ corruption by a lawmaker [...]

Underwater Marine Observation Deck to Open by 2020

Underwater Marine Observation Deck to Open by 2020

SEOUL, Oct. 15 (Korea Bizwire) — By January 2020, people will be able to go underwater in the East Sea to visit its mysterious marine ecosystem with ease. The Ministry of Oceans and Fisheries announced yesterday that it plans to install an eight-storey half-underwater observation deck near the National Marine Science Center currently being built [...]

Seoul Expands Bicycle Sharing Program

Seoul Expands Bicycle Sharing Program

SEOUL, Oct. 11 (Korea Bizwire) — The Seoul Metropolitan Government plans to broaden its fleet of public bicycles from 20,000 to 40,000 by 2020. To stimulate the street economy, 424 bike shops across the city will be in charge of repairing and maintaining public bikes at nearby parking stations. The Seoul Housing and Communities Corporation [...]

Gov’t Plans to Cut Maximum Legal Lending Rate to 20 pct

Gov’t Plans to Cut Maximum Legal Lending Rate to 20 pct

SEOUL, Oct. 11 (Korea Bizwire) — The government plans to gradually cut the maximum interest rate that private lenders can charge to 20 percent per annum, the financial regulator said Thursday. In a parliamentary audit meeting, Financial Services Commission (FSC) Chairman Choi Jong-ku said the plan is aimed at further easing the financial burdens on [...]

Marriage Visa Rule Change Encourages Korean Spouses to Learn Foreign Language

Marriage Visa Rule Change Encourages Korean Spouses to Learn Foreign Language

SEOUL, Oct. 9 (Korea Bizwire) – A recent legislative change will make it easier for an immigrant spouse to acquire a South Korean visa if his or her Korean partner is willing to learn the spouse’s mother tongue. The Ministry of Justice announced Monday that the Korean language qualification required for a marriage visa will [...]

Single Moms Ask Government for Help with Deadbeat Ex-Husbands

Single Moms Ask Government for Help with Deadbeat Ex-Husbands

SEOUL, Oct. 9 (Korea Bizwire) –Single mothers struggling without financial support from their former spouses have called on the South Korean government to help pay for childcare. Members of Childcare Expense Solution (CES) held a press conference on Monday in front of the National Assembly urging government action as they emphasized substitute payment for childcare [...]